BofA completes more short sales than REO for last 18 months

Learn how to get a short sale approved by Bank of America plus tips for navigating. Those agents would rather poke out their eyes than touch a former. simply refused to respond to repeated requests for updates for months on end.. After Equator stepped in, most agents are happy to list any Bank of America short sale.

It is rare today to do a Bank of America short sale. Bank of America short sales earned well deserved black marks beginning in 2005 and lasting well into 2009. Bank of America’s reputation was so bad that some real estate agents refused to list a short sale if Bank of America was involved. Buyer’s agents refused to write offers on those listings.

Short sales occur when the loan on a property is greater than what the property can be sold for. Learn about this real estate strategy and what is entailed by asking your questions here. Share on Facebook

The number of U.S. home short sales surpassed foreclosure deals for the first time as banks became more agreeable to selling houses for less than the amount. up the process. Bank of America Corp..

S&P revises shadow inventory timeline upward, again Drop in house prices drives double-dip debate australia’s house prices have fallen around 10 percent in the last 18 months because of much tighter bank lending rules and a big increase in apartment supply, especially in Sydney and Melbourne.This November’s home sales volume marks the slowest November since 2007. However, there were fewer business days in November than normal, which may account for some of the drop in sales volume. Still, California home sales volume has been locked in a downward trend experienced since the second half of 2013. This slip is mostly due to the.Survey Finds Short Sales Outnumber REO in January Purchases

BofA has a lot of programs for short sales including the coop short sale where the seller gets quite a tidy sum (can be tens of thousands of dollars) to help with relocation and moving expenses. Almost all of problems with a short sale can be avoided or mitigated through the selection of a REA that did more than study for the test over a.

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Many of the properties on the market today are owned by lenders and "underwater" owners trying to complete short sales, in which they sell for less than the. The condos are more spread out, located.

And Bank of America. has more than doubled the number of short sales it processed. This is a huge change from even just six months ago when the short-sale market was stalled and most people.

New Tax Rules for Short Sales - Foreclosures Find information on foreclosures, real estate owned (REO) and bank-owned homes and properties from Bank of America's Real Estate Center. Get the tools .

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